Originally Posted by
Han Solo
Isn't there standard language in the PWA regarding JVs where we don't have an agreement?
Yes there is. It’s what I consider downside protection. We basically have to keep flying the same amount of block hours as we did 12 months prior and each quarter (I think) our revenue block hours under the deal have to account for 75% of our revenue under the deal.
We don’t have anything that says if you grow these markets our share is to fly xx% of those growth block hours. All that being said, everything I’ve seen thus far (which is just the info ALPA has put out) looks like the company is keeping the growth balanced. Good for us but not exactly guaranteed for us.